Can I retire at age 64 with 681,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,236$55,735$55,247$54,770$54,304$52,970
2 years$27,840$27,321$26,819$26,332$25,859$24,523
3 years$18,375$17,855$17,354$16,871$16,406$15,110
4 years$13,644$13,125$12,629$12,155$11,701$10,455
5 years$10,806$10,290$9,801$9,336$8,895$7,702
6 years$8,915$8,403$7,920$7,466$7,038$5,900
7 years$7,564$7,057$6,582$6,138$5,724$4,641
8 years$6,552$6,049$5,582$5,149$4,749$3,720
9 years$5,765$5,267$4,808$4,386$3,999$3,024
10 years$5,136$4,642$4,191$3,781$3,407$2,484
11 years$4,621$4,133$3,690$3,290$2,930$2,058
12 years$4,193$3,709$3,275$2,886$2,539$1,717
13 years$3,831$3,352$2,926$2,548$2,214$1,440
14 years$3,521$3,047$2,629$2,262$1,941$1,213
15 years$3,252$2,783$2,374$2,017$1,709$1,025
16 years$3,017$2,554$2,152$1,806$1,511$869
17 years$2,810$2,352$1,958$1,623$1,339$739
18 years$2,626$2,173$1,788$1,462$1,191$630
19 years$2,462$2,014$1,636$1,321$1,061$537
20 years$2,315$1,872$1,502$1,197$948$459
21 years$2,181$1,743$1,381$1,086$848$393
22 years$2,060$1,627$1,273$988$761$336
23 years$1,950$1,522$1,176$899$683$289
24 years$1,849$1,426$1,087$820$614$248
25 years$1,756$1,338$1,007$749$552$213
26 years$1,670$1,258$934$685$497$183
27 years$1,591$1,184$867$627$448$157
28 years$1,518$1,115$806$574$405$135
29 years$1,450$1,052$750$527$365$116
30 years$1,386$994$699$483$330$100
31 years$1,327$939$651$444$298$86
32 years$1,272$889$608$408$270$74
33 years$1,220$842$568$375$244$64
34 years$1,171$798$530$345$221$55
35 years$1,125$757$496$318$200$47
36 years$1,082$718$464$293$182$41
37 years$1,041$682$434$270$165$35
38 years$1,002$648$407$249$149$30
39 years$966$616$381$229$135$26
40 years$931$587$357$211$123$22
41 years$898$558$335$195$111$19
42 years$867$532$314$180$101$17
43 years$837$507$295$166$92$14
44 years$809$483$277$153$83$12
45 years$782$461$260$142$76$11
46 years$757$439$244$131$69$9
47 years$732$419$229$121$62$8
48 years$709$400$215$112$57$7
49 years$686$382$202$103$51$6
50 years$665$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $681,000, adding $6,736 every year, while hoping to spend $26,057 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/50/7 Blend
63$681,000$681,000$681,000$681,000
64$757,410$721,317$710,762$788,166
65$806,942$728,937$706,848$817,802
66$860,652$736,057$701,929$846,694
67$918,940$742,626$695,945$877,390
68$982,244$748,587$688,832$910,065
69$1,051,046$753,881$680,521$944,911
70$1,125,878$758,446$670,944$982,142
71$1,207,323$762,215$660,026$1,021,995
72$1,296,023$765,117$647,690$1,064,730
73$1,392,686$767,076$633,856$1,110,638
74$1,498,089$768,012$618,439$1,160,039
75$1,613,088$767,839$601,351$1,213,287
76$1,738,627$766,467$582,500$1,270,776
77$1,875,742$763,799$561,789$1,332,938
78$2,025,576$759,733$539,117$1,400,255
79$2,189,386$754,161$514,379$1,473,259
80$2,368,556$746,968$487,463$1,552,536
81$2,564,611$738,032$458,256$1,638,737
82$2,779,230$727,223$426,635$1,732,580
83$3,014,259$714,405$392,476$1,834,862
84$3,271,736$699,433$355,646$1,946,460
85$3,553,901$682,153$316,008$2,068,347
86$3,863,222$662,403$273,418$2,201,597
87$4,202,420$640,009$227,726$2,347,397
88$4,574,488$614,791$178,776$2,507,058
89$4,982,724$586,554$126,404$2,682,032
90$5,430,762$555,096$70,439$2,873,921
91$5,922,604$520,200$10,702$3,084,495
92$6,462,658$481,637$0$3,315,709
93$7,055,780$439,168$0$3,573,687
94$7,707,318$392,537$0$3,857,964
95$8,423,167$341,473$0$4,170,390
96$9,209,818$285,694$0$4,513,892
97$10,074,424$224,897$0$4,891,702
98$11,024,863$158,765$0$5,307,387
99$12,069,817$86,962$0$5,764,884
100$13,218,849$9,134$0$6,268,540